Strengthening linkages and cooperation between foreign-invested and domestic enterprises will contribute to promoting the sustainable development of the Vietnamese wood industry, according to insiders.

VOV.VN - The export turnover of wood and wood products to the Japanese market in February is estimated to reach US$110 million, a drop of 32.5% compared to January and down 22.7% compared to February, 2023, according to figures released by the General Department of Customs.

Despite daunting challenges, Vietnam’s exports of wood and wooden furniture have shown signs of recovery since the end of 2023, Director of the Vietnam Chamber of Commerce and Industry (VCCI)’s Ho Chi Minh City Branch Tran Ngoc Liem said on February 26.

Vietnam’s wood export is likely to hit about US$14.5 billion this year, lower than the yearly target of US$17 billion, Vice Chairman of the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA) Nguyen Chanh Phuong told a local press conference on September 13.

Wood producers and exporters are pinning high hope on trade fairs and expos, as the lack of orders is causing difficulties for their production and business activities, according to insiders.

Timber enterprises were calling for support in terms of market information, requirements and consumer tastes to cope with declining exports which were pushing them into many difficulties from the beginning of this year.

VOV.VN - The export of wood and wooden products continued a downward trajectory, with the export value hitting US$5.1 billion over the past five months of this year to mark a year-on-year fall of 27%.

VOV.VN - Several local businesses have recently started to receive additional export orders, thereby meeting over 50% of production capacity, according to details given by the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA).

Vietnamese wood and wooden furniture enterprises have been facing many difficulties as export orders have dropped 50-60% since the beginning of this year, pushing firms to cut off at least half of their production capacities.

VOV.VN - Prime Minister Pham Minh Chinh on April 13 told the forestry and seafood industries to increase product quality and competitive capacity toward earning US$17.5 billion and US$10 billion in export turnover respectively this year.